Monday, October 10, 2011

Want To Be An NFL Owner? Green Bay Packers To Sell More Team Stock In 2011

The Green Bay Packers, the NFL's only publicly owned football team, is looking to sell more team stock by the end of the year.  The stock sale would go to fund the $130 million of renovations needed at Lambeau Field.  As I would love to buy just one stock of the Packers so I could say I'm an NFL owner, I will post how to do this as the time grows closer.

Keep these things in mind:

  • The price for one share is likely to be $200.
  • If you are a stockholder, you're an NFL owner!
  • Packers stock doesn't increase in value over time, nor does it pay dividends.
  • As a stockholder, you're entitled to attend the annual stockholders meeting at Lambeau Field and be able to tour the locker room and the playing field
Most NFL teams typically pay for stadium improvements by having some sort of local/city tax increase.  The Packers are the only team that doesn't force any local tax payers to fork over money. They raise it by selling more stock and getting private financing. 

There are currently 112, 205 shareholders who own a total of 4.75 million shares.

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